$DYLLF : Deep Yellow Limited — PFS Presumptions

Long-Term Price Case$65/lb. U308
Flagship ProjectTumas
Shares Outstanding254,250,000
Market Cap$148,736,250
Average Annual Production2.5 M lbs.
LoM11.5 Years
Payable Product29.1 M lbs.
C1 Cost (U3O8 basis with V2O5 by-product)$27.28/lb.
AISC (U3O8 basis with V2O5 by-product)$30.69/lb.
Total Initial, Pre-Production, Sustaining & Closure Capital($357,400,000)
Undiscounted Cashflow After Tax$447,400,000
Net Profit Margin43%
Absolute Cost Structure (ACS)47%
MTQ Score (Higher is Better)0.9
True Value$1.76/sh.
Updated on 10 February 2021 to reflect actual PFS results.


Hello, shouldn’t you take into account the dilution that is going to happen in deep yellow? I think you are calculating everything like there would be no dilution?
Another question why did you exit VAALCO?
Thank you


Dilution is implicit in the utilization of full presumptive CapEx, rather than by simulating share dilution. We could have simulated an equity raise, revolver, royalty, and debt issue, while halving model CapEx, but the result would be the same: zero-sum, per the presumptions.

We exited Vaalco for the same reason we exit anything: a better opportunity arose.


Do you have any positions left in Goviex,Denison, Fission and Firsts? If you cannot give percentages … just list them in descending order of percentages or if you don’t hold any anymore.. say no for any. Sorry to ask but I am not computer savvy … too old


We no longer maintain stakes in GoviEx Uranium, Denison Mines, Fission Uranium, or Forsys metals. All capital formerly allocated to the aforementioned names has been driven into Deep Yellow Limited & NexGen Energy.


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